• 5 minutes THE GREAT OIL PRICE PREDICTION CHALLENGE OF 2018
  • 8 minutes So oil touched $80! (WTI break $71 twice). What does the future hold?
  • 14 minutes China Tariff Threatens U.S. LNG Boom
  • 35 mins Tesla’s Powerpack Battery in Australia Made up to $17 Million
  • 4 hours Will Robots Bring The Demise Of European Artistry?
  • 3 hours The Warning Lights: Full-Blown Trade War Would Cost Jobs, Growth And Stability
  • 2 hours Realism Replaces Unlikely Bromance: Macron and Trump Aren't As Chummy As They Used To Be
  • 3 hours Global Hunger Continues to Grow Driven By Climate Change
  • 31 mins Saudi Aramco IPO Seems Unlikely
  • 5 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 16 hours Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 21 hours Nothing new in Middle East? Iran Puts On 'Show Of Strength' Military Exercise In Gulf
  • 20 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 hours Why Are the Maldives Still above Sea Level?
  • 2 hours The moves toward 'zero-manning' in oil & gas
  • 19 hours 100% Renewables will Fuel the Growth of Poverty and Homelessness
Nuclear Power Could Be Key In Reaching Climate Goals

Nuclear Power Could Be Key In Reaching Climate Goals

The 2-degree Celsius scenario of…

Here’s What’s Next For Russian LNG

Here’s What’s Next For Russian LNG

Russia’s risk-averse energy sector is…

Savannah Petroleum Makes Third Oil Discovery In Niger

Oil rig

UK-based independent oil and gas company Savannah Petroleum has made a third oil discovery in Niger in as many months and is extending its drilling campaign in the area.

Savannah Petroleum has discovered oil bearing reservoir sandstones in the Kunama-1 exploration well it had drilled in the Agadem Rift Basin in Southeast Niger, the company said in a statement.

In late April, Savannah Petroleum made its first discovery, the Bushiya Oil Discovery, in the Agadem Rift Basin. In June, the UK company announced its second discovery in the area, the Amdigh Oil Discovery.

All three wells drilled have found light oil, Savannah Petroleum said.

Following the three successful discoveries, the company is extending its drilling campaign by exercising the first of six individual options for six additional well spuds. Drilling will now move on to the Eridal-1 well. The well site preparation is in the final stages of completion and is on schedule to accept the rig after it moves from the Kunama-1 well site.

“The Kunama discovery, following on from Amdigh and Bushiya, provides further encouragement for our plans to establish an early production scheme in Niger, which we expect to be able to provide an update on later in this quarter,” Andrew Knott, CEO of Savannah Petroleum, said.

In the Agadem basin in south east Niger, China National Petroleum Corporation (CNPC) has made 97 discoveries from the last 127 exploration wells. The basin has been in production since 2011 following a first phase of development by a CNPC-led joint venture of the Agadem PSC area, which is adjacent to Savannah permit areas, the UK company says.

Niger is a minor oil producer, with recent production at around 9,000 bpd. Niger, a landlocked country in Africa bordering OPEC’s Nigeria, has other resources—it has two significant uranium mines providing around 7 percent of the world mining output from Africa’s highest-grade uranium ores and is the world’s fourth-ranking producer of uranium.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News